Ejercicio E1 Gross profit separate firms versus consolidated Solvent is an 80%-owned subsidiary of the Painter Co. The two affiliates had the following separate income statements for 2021 and 2022 : Solvent sells as the same gross profit percentage to all customer (100,000/$250,000=40%). Solvent sold goods to Painter for the first time in the amount of $100,000. $20,000 of these sales remained in Painters' 31 December 2021 ending inventory. During 2022, sales to Painter by Solvent was $110,000. $30,000 of these sales remained in Painters' 31 December 2022 ending inventory. Instructions: Prepare consolidated Income Statements including the distribution of income to the controlling and noncontrolling interests for 2021 and 2022